BNP Paribas Financial Markets Acquires 15,244 Shares of The J. M. Smucker Company $SJM

BNP Paribas Financial Markets raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,994 shares of the company’s stock after purchasing an additional 15,244 shares during the period. BNP Paribas Financial Markets owned 0.22% of J. M. Smucker worth $22,594,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SJM. ProShare Advisors LLC raised its holdings in J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock worth $169,661,000 after acquiring an additional 188,868 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in J. M. Smucker in the 3rd quarter worth approximately $9,444,000. Neo Ivy Capital Management bought a new stake in J. M. Smucker in the 3rd quarter worth approximately $997,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in J. M. Smucker in the 4th quarter worth approximately $1,406,000. Finally, Dorato Capital Management bought a new stake in J. M. Smucker in the 4th quarter worth approximately $1,682,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 2.5%

Shares of SJM stock opened at $103.62 on Friday. The stock has a market cap of $11.05 billion, a P/E ratio of -8.79, a PEG ratio of 6.83 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The company’s fifty day simple moving average is $97.90 and its two-hundred day simple moving average is $101.75.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SJM. BNP Paribas Exane set a $125.00 target price on shares of J. M. Smucker in a research report on Thursday, April 9th. Morgan Stanley lifted their target price on shares of J. M. Smucker from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group cut their target price on shares of J. M. Smucker from $132.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $116.71.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.